Stuart Culverhouse Head of Sovereign & Fixed Income Research
May 21 2019
Venezuela: Early national assembly elections unlikely to offer a way out of political crisis
President Nicolás Maduro yesterday called on the opposition to accept his proposal for early parliamentary elections, a challenge to both sides to demonstrate their level of popular support, as he seeks a way out of the country’s worsening political crisis. No date was specified (elections for the National Assembly are due by end-2020).
While on the surface, it sounds like a concession by Maduro, it is not clear what this offer is meant to achieve. As we write, it is also not clear what the opposition’s response to the offer is, but it seems likely they will reject it.
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